Introduced with the First Home Saver Accounts (Further Provisions) Amendment Bill 2008 and further to the package of bills which established First Home Saver Accounts (FHSA), the bill imposes a levy on FHSA providers to provide funding for the Australian Prudential Regulation Authority to supervise financial institutions which offer FHSAs.

Introduced with the First Home Saver Account Providers Supervisory Levy Imposition Bill 2008 and further to the package of bills which established First Home Saver Accounts (FHSA), the bill amends 13 Acts in relation to: the treatment of unclaimed money; secrecy provisions and the disclosure of protected information between the Australian Taxation Office, the Australian Prudential Regulation Authority and the Australian Securities and Investments Commission; and makes minor and consequential amendments relating to the operation of the FHSA scheme and its interaction with existing legislation.

in relation to: opposite-sex and same-sex de facto couples accessing the federal family law courts on property and maintenance matters on relationship breakdown; financial agreements between married couples; separation declarations and superannuation splitting; and certificates provided during family dispute resolutions. Also makes consequential amendments to 10 Acts in relation to de facto financial matters; and makes a technical amendment to the

to establish a $150,000 limit on primary earner income for family tax benefit Part B and related tax offsets;

A New Tax System (Family Assistance) Act 1999

and

A New Tax System (Family Assistance) (Administration) Act 1999

in relation to the baby bonus to: introduce a means test; provide for instalment payment; change the indexation date to 1 July each year; and extend the eligibility to certain adopted children;

Data-matching Program (Assistance and Tax) Act 1990

,

Social Security Act 1991

,

Social Security (Administration) Act 1999

and

Veterans’ Entitlements Act 1986

to provide for the collection of tax file numbers as part of a new compliance regime for the seniors health card;

Social Security (Administration) Act 1999

to provide for a person to enter into a voluntary income management agreement;

Veterans’ Entitlements Act 1986

to increase the eligible age for partner service pension to qualifying age; and five Acts in relation to: child support reforms; family assistance; and technical amendments relating to family tax benefits and social security.

Part of a package of three bills, the bill: establishes and governs the operation of First Home Saver Accounts; provides for the payment of Government contributions of 17 per cent on the first $5,000 of personal contributions made into an account each year; and provides for the prudential regulation of account providers.